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  • #635,921
  • Apr 29, 2012 6:50pm Apr 29, 2012 6:50pm
Quoting KillerWhale
Ok opened another short

GU


can't go up forever
Going short on GU

is like


Being a card counter at black jack at the moment
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  • #635,922
  • Apr 29, 2012 6:53pm Apr 29, 2012 6:53pm
Quoting KillerWhale
Going short on GU

is like


Being a card counter at black jack at the moment
1.6360
1.6160
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  • #635,923
  • Apr 29, 2012 6:54pm Apr 29, 2012 6:54pm
Quoting KillerWhale
Ok opened another short

GU


can't go up forever

I am watching....waiting......and watching and waiting......I agree can't go up forever....but people said Natural Gas can;t go down forever......
Attached Image (click to enlarge)
Click to Enlarge Name: watching waiting.jpg Size: 162 KB
I don't trust any move - when you have profit...take it.
  • #635,924
  • Apr 29, 2012 6:55pm Apr 29, 2012 6:55pm
Is there any res /support at 6280 on GU ??
_________________ Don`t fail when you walking fine line ...
  • #635,925
  • Apr 29, 2012 6:56pm Apr 29, 2012 6:56pm
After this level I see 6380 for GU.
  • #635,926
  • Apr 29, 2012 6:57pm Apr 29, 2012 6:57pm
Closed 5 mini lots of AU longs from last weekend (long term positions - some up to 1 month). Weekly target achieved (cheating because I should have closed it off last weekend - was hoping for a higher figure this week before the expected rate cut tomorrow). Already put in buy limits starting @1.0350 to rebuild my long positions after the rate cut.

Anyways, coming back to EU, I've opened the following positions this morning

1 mini lot short EU @1.3241 targeting 1.31 no SL

And taking into account GU, I'm giving it a go

1 mini lot short GU @1.6277 targeting 1.61 no SL

For those that want a reason why I'm shorting now

1. I have an overall bearish bias for EU (hence the reason why I keep a long bias on AU, just in case)
2. I use USDCHF as a correlation for EU moves, and on the daily chart (there is a wedge forming) and USDCHF has already touched the bottom TL of the wedge, which indicates a high probability of it reversing to target the top TL now (about a move of 150 pips-ish). When this happens usually EU moves the opposite way.

Sorry, no charts, posting while I am at work.
Buy! Buy! Sell! Sell! Just make sure you have proper MM!
  • #635,927
  • Apr 29, 2012 7:03pm Apr 29, 2012 7:03pm
Quoting Faller
I am watching....waiting......and watching and waiting......I agree can't go up forever....but people said Natural Gas can;t go down forever......
Don't wait too long
New voice message: Why are you calling me? If I need you, I'll call you!
  • #635,928
  • Apr 29, 2012 7:04pm Apr 29, 2012 7:04pm
Quoting KillerWhale
Ok opened another short

GU


can't go up forever
Nice catching top
  • #635,929
  • Apr 29, 2012 7:08pm Apr 29, 2012 7:08pm
Quoting duyk20
Nice catching top
Hey let's hope this is the top

There is big resistance 1.6360 and we are not there yet.


I'm just trying
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  • #635,930
  • Apr 29, 2012 7:09pm Apr 29, 2012 7:09pm
Quoting KillerWhale
Hey let's hope this is the top

There is big resistance 1.6360 and we are not there yet.


I'm just trying
I have 1 entry 1.6238 37 pips red
2 entries 1.6276 2 pips green


Oh sorry 1 pip better now
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  • #635,931
  • Apr 29, 2012 7:11pm Apr 29, 2012 7:11pm
Quoting KillerWhale
Don't wait too long

I pretty much only trade Cable......I am ok to watch it a bit longer.

But if USDX and keeps moving up - could see a nice Asian move in Cable to the downside.

Cheers,

Faller.
I don't trust any move - when you have profit...take it.
  • #635,932
  • Apr 29, 2012 7:12pm Apr 29, 2012 7:12pm
Still in S from above
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15.jpg Size: 138 KB
  • #635,933
  • Apr 29, 2012 7:16pm Apr 29, 2012 7:16pm
Why do my brain keep telling me that EU price would drop more to 1.3215...and I should keep my position open until then...(funny brain...)lolz.
  • #635,934
  • Apr 29, 2012 7:22pm Apr 29, 2012 7:22pm
Thinking of more short
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  • #635,935
  • Apr 29, 2012 7:37pm Apr 29, 2012 7:37pm
Quoting Faller
I pretty much only trade Cable......I am ok to watch it a bit longer.

But if USDX and keeps moving up - could see a nice Asian move in Cable to the downside.

Cheers,

Faller.
hey faller how you been, agrreed she is worth 1 eyeball, maybe both, but need to watch movie as well
Suishi is closed today, could be a nice opportunity for marketmovers to blindside markets with her, every trader and their dog has long her, I play smelly finger with her last high was 1st defence, I prefer her get below 55, but happy to tweek sell button for last high.
Law of gravity does not work in forex, what go up can keep going up and up, I fell friday bo was bs fake crap, what you think
Aussie is closing in on an old rising channel ltl 0440 (in striaight line from here) will be interest if her can break it, will give confidence in bears other ladies
If you are new to Forex? Say Goodbye to your account!!
  • #635,936
  • Edited 8:17pm Apr 29, 2012 7:53pm | Edited 8:17pm
The first chart is weekly and the second chart is daily yet the Price movement in both charts looks the same . Notice how the rising Trend Lines got broken and tested in a very similar manner.

PATTERN REPETITION.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eur weekly 04-27-12 2.gif Size: 32 KB
Click to Enlarge Name: 35 daily bat pattern 04-27-12.gif Size: 38 KB
The finest tool in the world still needs a MAN who KNOWS how to use it.
  • #635,937
  • Apr 29, 2012 7:53pm Apr 29, 2012 7:53pm
Just got of the phone with Cameron, he promised he'll make GU go down this week
New voice message: Why are you calling me? If I need you, I'll call you!
  • #635,938
  • Apr 29, 2012 7:53pm Apr 29, 2012 7:53pm
Quoting KiwiTrada
hey faller how you been, agrreed she is worth 1 eyeball, maybe both, but need to watch movie as well
Suishi is closed today, could be a nice opportunity for marketmovers to blindside markets with her, every trader and their dog has long her, I play smelly finger with her last high was 1st defence, I prefer her get below 55, but happy to tweek sell button for last high.
Law of gravity does not work in forex, what go up can keep going up and up, I fell friday bo was bs fake crap, what you think
Aussie is closing in on an old rising channel...
is waiting time now, ladies at support, swissy resist 9077 maybe hr close will get show on the road,
If you are new to Forex? Say Goodbye to your account!!
  • #635,939
  • Apr 29, 2012 7:58pm Apr 29, 2012 7:58pm
I hope and I believe that eur will go up, sorry guys. If the info data for German Retail Sales, M3 Money Supply and CPI are positive , the eur/usd is
D-E-F-I-N-I-T-E-L-Y moving, of course I can be wrong, hope I am not
  • #635,940
  • Apr 29, 2012 8:05pm Apr 29, 2012 8:05pm
Quoting lioslim
I hope and I believe that eur will go up, sorry guys. If the info data for German Retail Sales, M3 Money Supply and CPI are positive , the eur/usd is
D-E-F-I-N-I-T-E-L-Y moving, of course I can be wrong, hope I am not
Nothing is ever definitely in FX

That is the first thing you should learn
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